16321 TREASURE POINT DR, Wimauma, FL 33598
Assumable 2.25 % mortgage!!!! Stunning 1972 sq foot Solar Home has 3 Bedrooms, large flex room that can be used as a living room, bedroom, or office, 2 bath 2 car garage home. This highly sought-after golf cart-friendly community boasts some of the finest amenities in the area. Pride of ownership is very evident in this home. The homes have been freshly painted and are smart home ready. The expansive floor plan boasts a chef's kitchen, complete with stainless steel appliances, granite countertops, and a convenient breakfast bar, all flowing seamlessly into the spacious great room. Perfect for entertaining! When you walk in the house you have a wonderful center hall area with a flex room off to the left that can be used as a formal living room, dining room, or office. The Kitchen overlooks the overside Great room with space for a dining table for entertaining and adjoining the family room area. The primary room has an amazing tile shower and dual sinks. The closet has been custom designed. The other two secondary bedrooms are nicely sized, and the home features a split floor plan. The separate laundry room provides easy access to the washer and dryer. The home is equipped with storm shutters. Equipped with solar panels, this home ensures significantly low energy costs. We have all seen our electric bills climb in the last few years, but this home has solar panels installed to keep the energy cost very low to around $11 to $13 a month. Conveniently located to shopping, dining, schools, I- 75 and 301. Don't miss out on this opportunity to own this beautiful home.
You may be able to put down less than the total down payment amount of $186,136 and have the rest of the funds financed with a 2nd mortgage from a lender. 4
Location
Details
How it works
Assuming a mortgage can seem complex and unfamiliar. We simplify the process by providing white-glove support and expertise at every step.
Tour
Whether you have an agent or you’re just starting your search, reach out to us and we’ll help set up a home tour.
Offer
Roam works with you, your agent, and the listing agent to prepare a mortgage assumption agreement and finalize all details.
Close
Roam coordinates all parts of the transaction and keeps all parties up to date to provide a seamless 45-day close.
Who can qualify
To qualify, you must meet the current FHA, VA, or USDA loan requirements depending on the type of loan you are assuming. This typically means a minimum credit score of 580, although most lenders prefer 620-640. Your debt-to-income ratio should be under the 50% max under FHA guidelines. Additional information such as employment history, explanations of income for each applicant, and asset verification for a down payment may be needed to process the loan.
Frequently asked questions
What is Roam?
Roam is your trusted partner for affordable home ownership. We help manage the assumption process from start to finish, enabling homebuyers to easily purchase their next home with a low-interest rate mortgage attached.
What is an assumable mortgage?
An assumable mortgage is a type of home loan that allows a homebuyer to take over the existing mortgage terms from the seller, with no cost to the seller. Many government-backed loans, such as FHA and VA loans, are eligible for assumption, and millions of these mortgages are available.
Why is an assumable mortgage valuable?
When interest rates on mortgages are high, assuming a mortgage with a rate as low as 2% allows buyers to save up to thousands monthly compared to buying a home with a traditional mortgage at today’s average rates of 7%. A low-rate assumable mortgage could be the key to finding your dream home at an affordable price.
Will an assumption work for me?
An assumption might be a suitable option for you if you meet the lender’s qualifications. We also offer Roam Boost to help buyers reduce the down payment required to a minimum of 5-15%. See below for more FAQs specific to Roam Boost.
Why do buyers use Roam?
Assuming a mortgage can seem complex and unfamiliar. We simplify the process by providing white-glove support and expertise at every step.
Roam helps home buyers find and purchase homes with a low-rate assumable mortgage included. Once you find your dream home, Roam manages the process of assuming a low-interest rate mortgage, helping buyers save thousands a year on mortgage payments compared to buying with a traditional mortgage at today’s rates. On average, buyers who use Roam save $15,000 in mortgage payments annually.
MLS ID: #t3533064
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.